Bitcoin's price trajectory in 2025 mirrors its 2022 bear market behavior with monthly correlation reaching 98%, according to network economist Timothy Peterson. The cryptocurrency trades approximately 36% below its all-time high as the year ends, contradicting earlier forecasts of strengthening momentum through December. Historical data indicates that negative November performance typically leads to December declines, though usually smaller in magnitude.

Bank of America Global Research has placed Bitcoin alongside breakthrough technologies spanning 1,000 years of global disruption. Daily momentum indicators have fallen to their weakest levels in nearly two years. Price action is testing overhead resistance following a weekend rebound from the low-$80,000 range.

Bitcoin is testing resistance between $91K and $93K after rebounding from the $80K–$83K demand zone. The cryptocurrency remains confined within a descending channel, with key moving averages declining and serving as dynamic resistance. On-chain data shows additional selling pressure near $96K–$97K, where realized prices of multiple investor cohorts converge.

Kazakhstan's National Bank will add cryptocurrency to its foreign exchange reserves with an allocation between $50 million and $300 million, Chairman Timur Sülümenov said. The central bank will wait for market volatility to decline before deploying capital, treating digital assets as a portfolio diversification tool rather than speculative investment.

Bitcoin is testing a key resistance range between $92,734 and $101,156 following last week's recovery from near $83,000. The 55-week exponential moving average at approximately $98,300 was breached for the first time this cycle during the recent correction. The decline of roughly 35–36% aligns with historical drawdowns of 30 to 35 percent when this moving average has been broken.

Public bitcoin mining companies posted gains last week, with all top ten firms recording positive returns. The sector's total market capitalization reached $69.1 billion, rising 5.04% in 24 hours as Bitcoin traded above $90,000.

Bitcoin markets are recalibrating following weakened ETF demand and deleveraging across futures and DeFi platforms. Spot Bitcoin ETFs recorded net outflows of $4.9 billion since mid-October, the largest redemption cycle since April 2025, according to CoinMetrics data. Open interest in perpetual futures dropped over 30% after the October 10 liquidation event, while spot liquidity for BTC, ETH, and SOL remains 30-40% below early-October levels.

Large Bitcoin holders have repositioned after Q4 liquidations erased billions in market value. Data show whale outflows increased across BTC and XRP, while some investors opened leveraged short positions worth hundreds of millions during the downturn. On-chain metrics suggest accumulation activity may resume in the $85,000–$90,000 range.